The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1887-09-21
THE SUGAR MARKET.
Williams. DImOnd a Co.'s Circular
by the Australia.

! Our last Circular was dated August 10th
! per Australia.
Sugar-There have been several changes
in the price lists of both the local refineries
since the above date. The last list of the
California Refinery was issued on the It'll
instant and the American Refinery on the
Sth instant, and are as follows;
American Rehnery-Cube, CSC dry
granulated, Ga; extra c, 61sc; Golden C,
57sc. California Refinery csc; dry
granulated, &C; extra c, Sc; golden C,
534c, and for other grades the usual differ
ence.
Although both retineries maintain indie
pendent lists, their customers are protected
in the prices actually paid.
Since our last Circular there have been
the following changes in the cube basis
governing deliveries to the American Re
finery: August 10Th, 5 $500; oath, 5 1890;
30th, 53sc. September 9Th, 5 7-16c, and
Sept. eth, 535c. Since the eth there has
been no sale affecting the basis, but the
value of Cuba centrifugals, 90 deg. test, in
New York is above 53sc.
The general situation in New York and
Europe certainly shows an improvement,
and the tendency is toward higher prices.
Stocks for the week ending September
Isl decreased IL $40 tons. Total stocks IN
all the principal countries at that date were
797, 72O tons against 997 600 tons last year,
and against the previous weeks figures of
SIG, $40 tons and ,023 800 tons.
Our latest mail advices from New York,
of the Sd Instant, state that refiners con-
tinue to replenish their stocks by liberal
purchases on the spot. The demand has
been active and transactions comparatively
large. Values are not quOtably higher, but
have ruled firm with tendency in favor of
buyers. The active distribution of refined
is the chief reason for the improved char
acter of the demand, and the firm tone of
the market is in response to the strong sta
tistical position of supplies, and the fact
that prices in this country are still below
the parity of other consuming countries,
Muscovadoes have been sold on basis of
11-16c for SO deg. test and centrifugals at
$50 for 96 deg. test.
On cost and freight terms the market has
ruled quiet on account of light offerings.
Centrifugals for shipment in Cuba would
sell at 3 1-16@31sc for 90 deg. test and find
willing purchasers.
The European market for beet has ruled
steady for spot, but easier for futures.
Prices are too much above the parity of
values in this country to admit of business.
The excitement in the German sugar
market on account of the corner in beets
has been watched with great interest both
in European centers and in this country,
with the hopes that it might prove turn
ing-point to the dizziness that has prevailed
in the sugar trade for months past.
Now that the statistical position has i'm
proved so much and over supplies have
been gradually decreasing, together with
the reports that the European beet crop
on account of unfavorable weather-has
been injured to the extent of 10 per cent.
from previous estimates, which promised
yield equal to last year, 1t is quite natural
to suppose that prices must advance.
Many predict steady improvement, while
the more cautious are still uncertain.
The true condition of the European beet
crops must first be decided before the future
course of values can be ascertained with
much correctness.
Our latest Geographic adyices from New
ork of yesterday quote value of Cuba
centrlfuga1s, 96 deg. test, at SIC. Market
very firm. London, same date, beets, 8S
deg test, rs. Sd. European foreign mar
kets steady.